Find the average price of the wheat mixture – 5 kgs at Rs.16/kg and 10 kgs at Rs.12/kg. Ans. Rs.__ (upto 2 decimal places).

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Solution

$A v e r a g e p r i c e = \frac{(p_{1} q_{1} + p_{2} q_{2})}{(q_{1} + q_{2})}$

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Find the average price of the wheat mixture – 5 kgs at Rs.16/kg and 10 kgs at Rs.12/kg. Ans. Rs.__ (upto 2 decimal places).

Average price = (p1q1 + p2q2)(q1 + q2)

$A v e r a g e p r i c e = \frac{(p_{1} q_{1} + p_{2} q_{2})}{(q_{1} + q_{2})}$